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Access Private Capital Raises $11.5MM Investment in VineBrook Homes

February 08, 2019, 07:00 AM
Filed Under: Real Estate

Access Private Capital, the private equity arm of Berkeley Capital Partners, announced the closing of its newest investment. In partnership with NexPoint Real Estate Advisors, L.P. (NexPoint), Access Private Capital contributed $11.5 million toward the recapitalization of VineBrook Homes (VineBrook).

VineBrook Homes is an externally managed real estate company that specializes in acquiring, renovating and leasing single-family rental homes within the workforce sector.  Since forming in 2007, VineBrook Homes has quickly become one of the largest providers of quality rental homes, with a growing portfolio of more than 4,500 homes located primarily in the Midwest.

"We are enthusiastic about our investment in VineBrook and the potential in this relatively new asset class," said Tony Palazzo, President of Access Private Capital. "The execution abilities of the VineBrook management team, the real estate investment expertise of NexPoint Advisors, and the favorable trends in the single-family rental market together create an opportunity that comes at just the right time for our investors."

"As we expand the NexPoint real estate platform, we are excited about strategic growth areas that complement our current offerings, and the single-family rental space is a perfect example of that," said NexPoint President Jim Dondero. "We value strong institutional partners such as Access that enhance these opportunities and augment activities in retail channels."

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